THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold would “take care of ...

Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.

Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...

The modern monetary system, built on fiat money, has weak foundations similar to the Leaning Tower of Pisa, risking economic instability and collapse. Historical debasement practices, like those of ...

Gold bars, 400 troy ounces or 28 lbs each, are displayed at the Bureau of Engraving and Printing (BEP) in Washington, DC. (Photo by PAUL J. RICHARDS/AFP via Getty Images) It’s hard to believe, but the ...

Repo operations at the Fed on the last day of 2025 signal growing stress in the financial system, similar to the setup we saw ...

NEW YORK (Reuters) -Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized financial system, according to the findings of a joint ...

According to a 2025 report by the People's Bank of China, the RMB is now the world's third most-used currency for trade ...

In an interview with Kitco News this week, Zang said, “When President Trump signed the Genius Act, he changed the global monetary system,” adding that she has no doubt that stable coins will usher in ...

From exchange rate unification to boosting foreign reserves through foreign capital inflows, bold reforms in the nation’s monetary management system dovetailed into expected volatility. Assistant ...